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Caribbean & Central America - March 2014 (ISSN 1741-4458
THE BAHAMAS: Christie emphasizes jobs and fiscal restraint
Perry Christie, prime minister and finance minister of The Bahamas, made no bones about his priority in his 12 February mid-year budget statement. He opened with a catalogue of some 28 new or ongoing projects, and 28 times he proclaimed: “These are jobs, more new jobs Mr Speaker”. The November Labour Force Survey had recorded unemployment at 15.4%, an improvement on the 16.2% recorded in May 2013, but still a big problem for the government, and one that has to be resolved within the constraints of a necessary fiscal consolidation programme.
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